Philips’ lighting division achieved total sales of €8,442 million in 2013, with LEDs accounting for 34 per cent of overall lighting sales in the final quarter. Releasing its Q4 results, the Dutch manufacturing giant revealed that sales of LEDs for Q4 2013 were up 48 per cent. Three-quarters of lighting sales are business-to-business.
Lighting sales for the Dutch manufacturing giant in Q4 2013 were €2,306 million. Earnings (EBITA) increased year-on-year by €226 million to €218 million, compared to a loss of €28 million in Q4 2012 - these figures exclude various factors such as restructuring charges. This was driven by higher gross margins and overhead cost reductions. LEDs now represent 34 per cent of total lighting sales, compared to 25 per cent for the same quarter last year.
LEDs now make up 34 per cent of lighting sales for Philips
For the overall company, sales in all divisions grew in the Netherlands, China and marginally in Germany and the UK. They fell in the US, Japan and France. Sales for the full year in 2013 were slightly down in the Lighting division, from €8,442 million in 2012 to €8,413 million.
Frans van Houten, chief executive said of the Q4 results: “Lighting comparable sales increased by 8 per cent, led by double-digit growth at Lumileds and Automotive.”
